Altisource Portfolio Correlations

ASPS Stock

USD 0.72 0.03 4.35%

The current 90-days correlation between Altisource Portfolio and New England Realty is -0.16 (i.e., Good diversification). The correlation of Altisource Portfolio is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Altisource Portfolio Correlation With Market

Average diversification

The correlation between Altisource Portfolio Solutions and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Altisource Portfolio Solutions and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Altisource Portfolio Solutions. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Moving against Altisource Stock

0.48	FSV	FirstService Corp	Pair Corr
0.42	KW	Kennedy Wilson Holdings	Pair Corr
0.38	TCI	Transcontinental Realty	Pair Corr
0.42	AAT	American Assets Trust	Pair Corr
0.37	WHLR	Wheeler Real Estate	Pair Corr
0.35	EXPI	eXp World Holdings	Pair Corr
0.33	WETH	Wetouch Technology Common	Pair Corr

Related Correlations Analysis

	NEN	FRPH	MMI	TCI	FTHM	MAYS	FSV	MLP	NYC	HOUS
NEN		0.13	-0.02	-0.29	0.27	0.25	0.18	0.08	0.04	0.15	NEN
FRPH	0.13		0.78	-0.21	0.29	0.48	0.53	0.55	0.27	0.32	FRPH
MMI	-0.02	0.78		0.11	0.16	0.21	0.5	0.6	0.24	0.48	MMI
TCI	-0.29	-0.21	0.11		0.07	-0.16	0.1	0.09	-0.4	-0.11	TCI
FTHM	0.27	0.29	0.16	0.07		0.86	0.79	0.74	-0.61	-0.31	FTHM
MAYS	0.25	0.48	0.21	-0.16	0.86		0.63	0.68	-0.3	-0.24	MAYS
FSV	0.18	0.53	0.5	0.1	0.79	0.63		0.75	-0.49	0.02	FSV
MLP	0.08	0.55	0.6	0.09	0.74	0.68	0.75		-0.38	-0.09	MLP
NYC	0.04	0.27	0.24	-0.4	-0.61	-0.3	-0.49	-0.38		0.55	NYC
HOUS	0.15	0.32	0.48	-0.11	-0.31	-0.24	0.02	-0.09	0.55		HOUS
	NEN	FRPH	MMI	TCI	FTHM	MAYS	FSV	MLP	NYC	HOUS

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

MAYS	+ 0.86	FTHM
FSV	+ 0.79	FTHM
MMI	+ 0.78	FRPH
MLP	+ 0.75	FSV
MLP	+ 0.74	FTHM
MLP	+ 0.68	MAYS

High negative correlations

NYC	- 0.61	FTHM
NYC	- 0.49	FSV
NYC	- 0.4	TCI
NYC	- 0.38	MLP
HOUS	- 0.31	FTHM
NYC	- 0.3	MAYS

Risk-Adjusted Indicators

There is a big difference between Altisource Stock performing well and Altisource Portfolio Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Altisource Portfolio's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
NEN	1.37	(0.01)	0.00	(0.05)	0.00	0.00	3.74	(2.86)	11.83
FRPH	1.08	(0.03)	0.00	(0.06)	0.00	0.00	1.81	(2.54)	7.96
MMI	1.56	(0.05)	0.00	(0.06)	0.00	0.00	2.94	(3.05)	10.27
TCI	1.60	(0.02)	0.00	(0.08)	0.00	0.00	4.17	(3.13)	12.24
FTHM	3.62	(0.66)	0.00	(0.93)	0.00	0.00	9.45	(8.28)	20.34
MAYS	1.15	(0.20)	0.00	0.32	0.00	0.00	3.24	(3.61)	16.26
FSV	0.97	(0.09)	0.00	(0.13)	0.00	0.00	2.00	(2.05)	5.89
MLP	1.80	(0.19)	0.00	(0.19)	0.00	0.00	4.19	(3.61)	13.66
NYC	2.74	0.35	0.12	0.47	2.71	(3.35)	5.60	(4.92)	12.05
HOUS	3.08	0.19	0.04	0.06	3.57	(3.32)	6.03	(6.17)	19.40

Altisource Portfolio Corporate Management

Michelle CPA	Chief Officer	Profile
Travis Britsch	Senior Marketplace	Profile
Gregory Ritts	General Counsel	Profile
Philip Johnsen	Senior Solutions	Profile
Israel Meir	Chief Officer	Profile
Gregory JD	Chief Secretary	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC